When it comes to financial markets, Best Day Trading stocks can be tricky to find with the vast majority of the stocks in the market don’t offer any real edge for traders to exploit
What makes a stock good to day trade?
There are multiple factors to consider such as:
1- ATR, Average true range
ATR is an indicator that measures volatility in a given stock, it’s the average price range fluctuation in the last 14 days.
In day trading because we focus on intraday moves a high ATR Is crucial in the selection of stocks. If we play stocks with low ATRS we won’t get our desired volatility to make any significant amount of profit unless you are hyper scalping, stocks with high ATRs like NVDA or TSLA make the best day trading stocks in the market
2- Volume/liquidity
Volume is crucial in day trading, without volume there is no trading. High volume signifies that there is interest in a given stock. This on its own ensures that the spread reduces to a minimum and the risk of getting slipped is way lower compared to low-volume stocks.
3- Market Condition/ Theme
Market conditions will dictate what stocks are in play. In 2023-2024 semiconductors were the hot theme so we saw stocks like NVDA and SMCI, make crazy intra-day moves bringing so much opportunity to the table
back in 2020-2022 the EV market was heating up and stocks like TSLA were in play
So how to find Best Day trading stocks 2024?
There are thousands of stocks in the stock market, so how do we find the best one to trade? we utilize scanners
Click here to learn more about the Best Stock market scanners
one of the most popular tools in the market right now is Finviz. Using Fnviz screener we can set it up to our requirement
1- High ATR
2- High Volume
this on its own will give us 100s of stocks
as you can see SMCI has been leading the market actions recently, as it made 285% move from the start of the year
by using such scanners and fitlers you can find your own best day trading stocks , however we also compiled a list of what we think are the best stocks for day trading in 2024 according to the range,volume and most importantly theme
Best Day Trading Stock 2024
| Name | TICKER | VOLUME | up YTD |
| Super Micro Computer Inc | SMCI | 30,000,000+ | |
| Tesla Inc | TSLA | 111,346,711 | |
| Nvidia Corp | NVDA | 49,532,602 | |
| Adv Micro Devices | AMD | 53,940,301 | |
| Coinbase Global Inc Cl A | COIN | 33,233,199 | |
| Marathon Digital Hldgs Inc | MARA | 58,428,496 | |
| Palantir Technologies Inc Cl A | PLTR | 65,498,200 | |
| Amazon.com Inc | AMZN | 48,107,699 | |
